Auto & Transportation

Global Market Size for 5G in Smart Transportation and Automotive Expected to Reach USD 17.88 Billion By 2033 | CAGR of 25.67%

Global Market Size for 5G in Smart Transportation and Automotive Expected to Reach USD 17.88 Billion By 2033 | CAGR of 25.67%

By - 24 Jul 2024 06:01 PM

According to a study analysis released by Spherical Insights & Consulting, the global 5G in automotive and smart transportation market size was estimated to be around USD 1.82 billion in 2023 and is projected to reach USD 17.88 billion by 2033. The following companies are covered: Huawei Device Co. Ltd., Robert Bosch GmbH, Deutsche Telekom AG, Telefonaktiebolaget LM Ericsson, Nokia, Daimler AG, Volkswagen, Telefónica S.A., Verizon, Mercedes-Benz, Audi Group, BMW Group, Qualcomm Technologies Inc., Vodafone Limited, and others Key Players.

United States, New York, July 24, 2024 (AMERICA NEWSWIRE) — The size of the global market for 5G in automotive and smart transportation is expected to increase at a compound annual growth rate (CAGR) of 25.67% between 2023 and 2033, from USD 1.82 billion to USD 17.88 billion.

 

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